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Banking and finance: transactional work in France

Allen & Overy LLP

Allen & Overy LLP is particularly active in acquisition financing, leveraged financing and syndicated lending in the large-cap space. Since the beginning of the Covid-19 pandemic, the group has been particularly involved in pandemic-related finance, advising the French state, major banks and corporates on many state-backed facilities. The team notably advised BNP Paribas, BPCE/Natixis, Crédit Agricole, Crédit Mutuel, La Banque Postale and Société Générale on the creation of a €11bn state backed fund as part of the France Relance recovery plan. In the sustainable finance space, the practice has acted on many high-profile mandates containing ESG-linked incentives. The department is led by Julien Roux, who typically acts for both lenders and borrowers on some of the largest syndicated transactions in the market. Adrian Mellor is a key contact for major transactions across EMEA. Jean-Christophe David advises both sponsors and lenders on LBO financing. Recently promoted partner Thomas Roy is another name to note.

Responsables de la pratique:

Julien Roux

Autres avocats clés:

Andrian Mellor; Jean-Christophe David; Thomas Roy

Principaux clients

BNP Paribas

Société Générale

Natixis

CM CIC

Factofrance

Crédit Agricole CIB

Eurazeo

Euronext

PAI Partners

IK Investment Partners

Biogroup

House of HR

Ardian

Weinberg Capital Partners

Sodexo

Bluebay

Infravia

Banco Santander

IKKS

Principaux dossiers

  • Advised the Mandated Lead Arrangers in the context of setting up Airbus’ inaugural €6bn sustainability-linked syndicated facility.
  • Acted for the Mandated Lead Arrangers and Tikehau on the acquisition financing (including sustainability features) provided to PAI Partners to acquire Euro Ethnic Foods (EEF) (Grand Frais).
  • Advised Euronext in connection with the bridge financing of its €4.325bn acquisition of the Italian stock exchange (Borsa Italiana).

Clifford Chance

Working in close collaboration with the firm’s capital markets, securitisation, M&A and private equity teams, Clifford Chance‘s banking practice draws on its leading expertise in both French and English law to advise some of the most high-profile financial institutions, private equity sponsors, debt funds and corporate borrowers. The group generates a strong flow of work in relation to acquisition and leveraged finance, and particularly stands out in the market for infrastructure financing and refinancing. On the corporate lending side, the team is noted for advising Airbus on its €15bn revolving credit facility granted by JP Morgan, BNP Paribas, CACIB, HSBC and Société Générale. The practice is complemented by a team of derivatives lawyers, which is led by Jonathan Lewis, and a regulatory team led by Frédérick Lacroix. Thierry Arachtingi, Daniel Zerbid, Piere-Benoît Pabot Du Chatelard, Nikolaï Eatwell and Delphine Caramalli are other key contacts. Counsel Mary Serhal is noted for her work on acquisition finance transactions.

Responsables de la pratique:

Thierry Arachtingi; Daniel Zerbib; Pierre-Benoît Pabot du Chatelard; Nikolaï Eatwell; Delphine Caramalli; Jonathan L. Lewis; Frédérick Lacroix

Autres avocats clés:

Mary Serhal

Les références

‘Pierre Benoit Pabot du Chatelard is an excellent partner. Beyond his technical expertise, he defends his clients with great commitment while adopting a constructive and open approach with the opposing party. This allows the parties to come out of the situation from above. I have total confidence in him and his team to deal with complex and confidential matters.’

‘Thierry Arachtingi and his team are probably among the best in this practice in Paris. Thierry is not only very experienced and technical but also has unique interpersonal skills that come useful during negotiations.’ 

Principaux clients

BNP Paribas

Crédit Agricole

CACEIS

Natixis

Société Générale

Bank of America Merrill Lynch

Barclays

BTMU

Credit Suisse

Deutsche Bank

Goldman Sachs

HSBC

ING

IKB

JP Morgan

UniCredit

SMBC

AccorInvest

Airbus

AXA

Bouygues

Carrefour

EDF

Eiffage

L’Oréal

Pierre & Vacances

Ramsay Santé

Systra

SANEF

TOTAL

Vinci

Private Equity Funds:

3i

Apax Partners

Apollo

Ardian

Bridgepoint

DIF Infrastructure

Carlyle Group

CDC I Capital

Cinven

Clayton Dublier & Rice

Eurazeo

KKR

InfraVia

Macquarie

Meridiam

Permira

Wendel

Government / International Institutions:

CDC (Caisse des dépôts et consignations)

EIB

Ministry of Transport of Finance

BPI France

The European Bank for Reconstruction and Development

FIA Europe

LCH Clearnet S.A.

World Bank

Ardian Private Debt

Ares Capital

Barings

BlackRock

Capzanine

CDPQ

EQT Infrastructure III

LBPAM

Pemberton

SCOR Investment Partners SE

Principaux dossiers

  • Advised Eolien Maritime France (the joint venture between EDF Renouvelables and Maple Power (Enbridge & CPPIB) and the project company on the financing of an offshore wind farm off the coast of Courseulles-sur-Mer, with an installed capacity of 448 MW.
  • Advised Bank of America Europe Designated Activity Company, Crédit Agricole Corporate and Investment Bank, HSBC Continental Europe and Morgan Stanley Bank AG on the tender offer (OPA) of Veolia Environnement for Suez.
  • Advised Ares Capital on the unitranche financing of the acquisition of Laboratoire XO and Cardixo by Novalpina Capital Partners.

De Pardieu Brocas Maffei

De Pardieu Brocas Maffei is very active in syndicated lending and corporate financing, including capital markets work. The banking practice is also a strong option for leading French banks and corporates on acquisition finance and leveraged finance transactions in the mid-cap space. As part of its broad offering, the team also stands out for its work in restructuring financing and real estate financing and refinancing. Of particular note are the team’s cross-practice capabilities, as was evidenced by it advising a banking pool including Natixis and Credit Suisse on the financing, private equity and restructuring elements of the acquisition of Camaïeu by Financiere Immobiliere Bordelaise. Team head Christophe Gaillard focuses on acquisition finance, syndicated facilities, structured finance and derivatives transactions. Emmanuel Fatôme is a key contact for real estate finance matters.

Responsables de la pratique:

Christophe Gaillard

Autres avocats clés:

Emmanuel Fatôme

Les références

‘Very good reputation as a place in the mid-cap segment. Good integration with other teams across the firm (corporate, tax).’

‘Very good technically and commercially, knowing how to defend the interests of its clients. It is also always available.’

‘Very fluid process. Always available.’

‘Available day, night, weekends and bank holidays! Solution finders and always aiming a successful closing.’

Principaux clients

CRÉDIT AGRICOLE GROUP

SOCIÉTÉ GÉNÉRALE

BNP PARIBAS

LCL

NATIXIS

CDC

ING

AAREAL BANK

DEUTSCHE BANK

DEKA BANK

TIKEHAU CAPITAL

CREDIT FONCIER

ERAMET

EIB

INVIVO

TERRENA

HSBC

IDINVEST

La BANQUE POSTALE

Chargeurs

Marie Brizard Wine & Spirits

Groupe Looping

Principaux dossiers

  • Advised BNP Paribas, Natixis, Crédit Agricole and HSBC on setting-up of a €500m syndicated facility for the general needs and external growth operations of the Altrad group.
  • Acted for Société Générale on the acquisition financing aspect of the management buyout of Sogetrel.
  • Advised DATA4 on the securitisation of a €620m debt financing from Deutsche Bank, Société Générale and SMBC.

Gide Loyrette Nouel A.A.R.P.I.

Gide Loyrette Nouel A.A.R.P.I.’s team garners client praise for its ‘incomparable expertise in the banking and finance market’. Its offering spans bank lending, structured finance, equity and bond issuances, and derivative products traded both over-the-counter and on regulated exchanges. Focusing on French, English and US law, the group benefits from the local expertise of the firm’s international network. Kamel Ben Salah focuses on real estate financing and refinancing. Eric Cartier-Millon has extensive experience of structured finance and project finance, representing major banks, sponsors and corporates in LBO finance transactions. Rémi Tabbagh is highly regarded for his ‘strong expertise in real estate financing and investment’Laetitia Lemercier is another key contact. Jean-Guillaume de Tocqueville left the firm for Jones Day in May 2021.

Autres avocats clés:

Farah El-Bsat

Les références

‘In addition to Rémi Tabbagh’s strong expertise in real estate financing and investment, I would flag his ability to rapidly analyse an issue in a very comprehensive way, his ability to anticipate potential hurdles addressing them in advance, and his efficient management of the case all the way to its closing.’

Farah El-Bsat and Kamel Ben Salah are also very qualified and benefit from strong expertise in real estate, which makes them our chosen partners to work with.

‘Certainly the best real estate finance team in France.’

‘Rémi Tabbagh is very competent and able to adapt to different situations and clients. Kamel Ben Salah is very competent and very attentive to his clients. Both are backed by a solid, competent and responsive team supported by other departments within the firm (tax, real estate, corporate, hedge, etc.)’

‘Gide offers incomparable expertise in the banking and finance market with high-quality partners.’

‘Laetitia Lemercier is very skilled, reliable and always available. These qualities were expressed during particularly complex transactions to the great satisfaction of not only our bank, who Gide advised, but of the other stakeholders.’

Principaux clients

BNP Paribas

Crédit Agricole Corporate and Investment Bank (CACIB)

Société Générale

Natixis

CIC

HSBC France

ING

Amundi

Morgan Stanley

Principaux dossiers

  • Advised Veolia Environnement in connection with the financing of its offer for the acquisition of Suez.
  • Advised BNP Paribas, Natixis and Société Générale on the financing related to the acquisition by Swiss Life Asset Managers of ENGIE’s future eco-campus.
  • Acted for Paris Inn group in connection with the refinancing and financing of the Centaurus Group by fund Oaktree Capital Management via a €115,2m convertible bond issuance.

Herbert Smith Freehills LLP

Herbert Smith Freehills LLP has one of the premier teams for banking and finance in the French market, frequently acting for some of the most high-profile financial institutions and corporate borrowers. New clients include JP Morgan and Bank of America Merrill Lynch. The team is particularly sought out to act on large-cap transactions involving acquisition financing, corporate financing and syndicated lending. As part of the economic response to Covid-19, the group notably advised Bfifrance, the investment arm of the French state, on setting up a €300bn state guarantee scheme. The department is led by Eric Fiszelson and Louis de Longeaux. Régis Oréal and Rachael Campbell are also key names.

Responsables de la pratique:

Eric Fiszelson; Louis de Longeaux.

Autres avocats clés:

Régis Oréal; Rachael Campbell

Principaux clients

BPCE – Natixis group

BNP Paribas

Société Générale

Crédit Agricole

Airbus

Vinci

Bpifrance

Agence Française de Développement (AFD)

African Import-Export Bank (Afrexim Bank)

Proparco

European Investment Bank

International Finance Corporation

EssilorLuxottica

Bureau Veritas

Compagnie des Alpes

Danone

Arkema

Air Liquide

Australia and New Zealand Banking Group

Citibank Europe Plc

Bank of America Merrill Lynch

JPMorgan

Principaux dossiers

  • Advised Airbus on the negotiation of a €6bn syndicated credit facility agreement with margin adjustment mechanism based on ESG criteria.
  • Acted for a pool of banks on the financing of the €2.3bn  acquisition of the shares of Play, telecommunication leader on the Polish market, by the Iliad Group.
  • Acted for a pool of 17 international banks on the negotiation of a €1.5bn climate-linked revolving credit facility granted to Thalès.

Latham & Watkins

Latham & Watkins has an outstanding track record in acquisition and leveraged finance transactions. It is typically sought out by major banks, private equity and debt funds on large-cap LBO transactions. As part of its offering, the team is also very active in all forms of senior and subordinated loans, bonds and hybrid capital structures. In addition, working with the firm’s restructuring and special situation team, the practice handles complex restructuring finance transactions. Michel Houdayer, who focuses on acquisition finance and private equity, leads the department. Xavier Farde is ‘deal oriented and has in-depth product knowledge’. Lionel Dechmann typically advises lenders, sponsors and corporates on LBO financing.

Responsables de la pratique:

Michel Houdayer

Autres avocats clés:

Xavier Farde; Lionel Dechnmann

Les références

‘Excellent market knowledge. Partners are always reachable. Superior products across the board (equity, TLB, High Yield).’

‘Xavier Farde is deal-oriented and has in-depth product knowledge.’ 

Principaux clients

Ardian

BNP Paribas

Bridgepoint SAS

Société Générale

Crédit Agricole Corporate and Investment Bank

EQT Partners AB

ICG

Goldman Sachs

J.P. Morgan

Kersia Group

Natixis

Platinum Equity

Sagard

TA Associates

Anchorage

Tikehau Investment Management

Astorg

Ardian

BNP Paribas

Bridgepoint SAS

Société Générale

Crédit Agricole Corporate and Investment Bank

EQT Partners AB

ICG

Goldman Sachs

J.P. Morgan

Kersia Group

Natixis

Platinum Equity

Sagard

TA Associates

Anchorage

Tikehau Investment Management

Astorg

Linklaters

Linklaters‘ banking team is praised for its ability to ‘come up with good solutions to a wide range of legal and commercial issues’. It is able to advise on both French and English law, which has been described as ‘especially valuable’ by a client. The group is particularly active in acquisition and leveraged finance, bilateral and syndicated facilities, and restructuring financing. The group also stands out for its work on finance and refinancing transactions featuring capital markets products. The department is led by Bertrand Andriani. Cyril Abtan and Kathryn Merryfield are also key names. Counsel Rhéa Christophilopoulos is noted for her work on acquisition and investment-grade financing and refinancing. Counsel Neeloferr Roy left the firm in March 2022.

Responsables de la pratique:

Bertrand Andriani

Autres avocats clés:

Cyril Abtan; Kathryn Merryfield; Rhea Christophilopoulos

Les références

‘We greatly admire the Linklaters banking and finance team in Paris. The fact that they have both English law and French law expertise is especially valuable to us. It allows legal concepts to be “translated” in a very useful way.’

‘Our key contact in the Linklaters Paris office is Kathryn Merryfield. We really value her experience, pragmatism and creativity. When we instruct Kathryn, we know that we will experience her direct involvement, which is important to us.’

‘A high level of professionalism and a sharp technical knowledge of transactions involving acquisitions and revolving and bi-lateral credit facilities.’

‘Teleperformance greatly appreciates the availability of the team, responding in very short periods of time and often during holidays.’ 

Principaux clients

JP Morgan

Steinhoff International Holdings N.V.

Credit Suisse

BNP Paribas

Groupe Bruxelles Lambert SA

AXA

Société Générale S.A

CVC

CACIB

BlueBay Asset Management LLP

MUFG Bank, Ltd.

Société Générale

Natixis

Bank of Ireland

CIC

CBRE

SEDCO CAPITAL

Round Hill Capital

Teleperformance SE

HSBC Continental Europe

PSP

Principaux dossiers

  • Assisted the coordinators and mandated lead arrangers in relation to Casino’s incremental term loan B facility as well as Casino’s new term loan B facility.
  • Advised CGG, a tech company specialised in geoscience, on the issue of high-yield notes due in 2027 to refinance its existing first and second lien notes, and on the signature of a super senior revolving credit  facility featuring greenhouse gas emission reduction targets.
  • Acted on a number of sustainability-linked loans, including the sustainability-linked loans for Teleperformance SE, Faurecia, Schlumberger and Monoprix Exploitation.

White & Case LLP

White & Case LLP is particularly notable for handling large-cap transactions involving acquisition and leveraged finance. On the corporate financing side, the group stands out for its ability to work in close collaboration with the firm’s capital markets team, frequently acting for lenders and borrowers on financing and refinancing transactions involving capital markets products. In a recent mandate, the team advised Aramis Group on its refinancing alongside its IPO. Department head Raphaël Richard has broad expertise spanning corporate financing, syndicated lending, acquisition and leveraged financing. Denise Diallo, who is a qualified lawyer in both New York and Paris, is a key contact for transatlantic transactions involving acquisitions and unitranche financing. Counsel Sindhura Swaminathan left the firm in May 2021. In March 2022 Neeloferr Roy, formerly counsel at Linklaters , joined the firm.

Responsables de la pratique:

Raphaël Richard

Autres avocats clés:

Denise Diallo

Les références

‘Very good team in restructuring. In-depth knowledge of the banking market.’

‘Raphael Richard is an excellent partner.’

Principaux clients

BNP Paribas

Crédit Agricole

Société Générale

Natixis

HSBC France

Morgan Stanley

Deutsche Bank

JP Morgan

Tereos

LVMH

Adisseo

Vivescia

Verallia

SPIE

Engie

Suez

Michelin

Coface

Les Mousquetaires

Rubis Terminal

Cobepa

IK Investment Partners

Antin Infrastructure Partners

I Squared Capital

Fosun

Blackrock

Barings

Hps Investment Partners

Centerbridge

Redwood

Alcentra

Principaux dossiers

  • Advised Aéma Groupe, a mutual insurer formed through the combination of Macif Group and Aésio Mutuelle, on the financing aspects of the €3.2b acquisition of Aviva France from Aviva group.
  • Advised Believe, a digital music company, on its refinancing as well as its initial public offering on Euronext Paris.
  • Acted for BNP Paribas, Deutsche Bank, Morgan Stanley and Natixis in connection with the acquisition financing of telecoms service provider Circet by ICG from Advent International.

Ashurst LLP

Ashurst LLP is recognised for its strengths in acquisition finance and real estate finance transactions, as well as refinancings, where it typically acts for major financial institutions, banks, and private equity and debt funds. Pierre Roux is renowned for his work advising on LBO financing and restructuring finance. Hubert Blanc-Jouvan focuses on structured finance and OTC and market-traded derivatives. New arrivals include Mark Barges from Linklaters, who is qualified in both French and English law and is a key contact for project finance transactions. Tom Langmuir, who was hired from Allen & Overy LLP, is especially sought out by major financial institutions to act on multilateral-guarantee mandates. Hassan Javanshir left the firm in November 2021.

Responsables de la pratique:

Pierre Roux; Hubert Blanc-Jouvan; Mark Barges; Tom Longmuir

Les références

‘Ashurst has a very integrated and dynamic team. The real estate finance team is very much courted by leading clients.’

‘Pleasant, available, business-oriented, pragmatic and technical team.’

‘Pierre Roux is very professional and always available. Very pragmatic when finding solutions.’

Principaux clients

Goldman Sachs

ODDO BHF

Boussard & Gavaudan

Unicrédit

Société Générale

Deutsche Pfandbriefbank AG

R+V Lebensversicherung AG

Berlin Hyp

European Investment Bank

Crédit Suisse

Permira

EQT / Exeter

CVC Credit

Goldman Sachs

ODDO BHF

Boussard & Gavaudan

Unicrédit

Société Générale

Deutsche Pfandbriefbank AG

R+V Lebensversicherung AG

Berlin Hyp

European Investment Bank

Crédit Suisse

Permira

CVC Credit

Principaux dossiers

  • Advised Credit Suisse as provider of a €900m new money facility in connection with the €3bn debt restructuring of Europcar Mobility Group under accelerated financial safeguard proceedings.
  • Acted for Société Générale on the financing of the acquisition by Carlyle of a portfolio of warehouse buildings in Germany and France. The portfolio comprises 27 assets, among which 21 were located in France and 6 in Germany.
  • Advised the group of senior RCF lenders in connection with the €600m financial restructuring of listed company Solocal.

Bredin Prat

Focusing on the borrower side of corporate financing and refinancing, Bredin Prat stands out for its work in syndicated, TLB and unitranche facilities. As part of its offering, the team is also active in acquisition and restructuring finance transactions featuring capital markets products. In a recent highlight, the group advised Morgan Stanley, Goldman Sachs, Barclays Bank and JP Morgan in connection with the issuance of €1.185bn high-yield notes by CGG in the context of its debt refinancing. The department is led by Raphaële Courtier, who specialises in acquisition financing, capital markets transactions and debt restructuring. Mathieu Arnault made counsel in January 2021.

Responsables de la pratique:

Raphaële Courtier

Autres avocats clés:

Mathieu Arnault 

Les références

‘This practice is unique because it perfectly combines a very strong expertise and perfect adaptation to the context of each case.’

Principaux clients

Alstom

Altamir

Bain Private Equity

Casino

Firmenich

Gaumont

Lagardère

Klépierre

Maisons du Monde

Mizuho Bank

Natixis

Rabobank

RGDS

SEB

Principaux dossiers

  • Advised Casino Group in connection with (a) the refinancing of its existing term loan B through a secured term loan B and an unsecured high-yield bond for a total amount of €1.525bn and (b) the amendment and extension of its existing secured €2.0bn revolving facility.
  • Acted for Alstom on the acquisition of Bombardier Transportation and in connection with the conclusion of an amendment to a credit facility for the issuance of guarantees in order to increase the facility to a maximum amount of €9bn.
  • Assisted Iliad in connection with the financing aspects of its public offer for the Polish telecom operator Play (enterprise valued at €3.5bn).

Cleary Gottlieb Steen & Hamilton

In addition to being highly regarded on regulatory matters, Cleary Gottlieb Steen & Hamilton also excels in transactions involving corporate finance, acquisition finance, and syndicated and bilateral credit facilities. In the sovereign debt space, the group is noted for its work representing a number of African states in infrastructure finance and refinancing mandates; notable highlights included acting for the Republic of Congo and its state-owned company, Société Nationale des Pétroles du Congo, on the restructuring of approximately €2bn oil-for-cash pre-payment facility. The department is led by Valérie Lemaitre and Barthélemy Faye.

Responsables de la pratique:

Valérie Lemaitre; Barthélemy Faye

Principaux clients

Universal Music Group

Worldline

Capgemini

Latour Capital

Axéréal

Port de Dakar

Republic of Cote d’Ivoire

Republic of Benin

Republic of Senegal

Envol Immobilier

Principaux dossiers

  • Advised Latour Capital on the financing of the acquisition of Omni-Pac Group from Motion Equity Partners.
  • Assisted Universal Music Group (UMG) in connection with the negotiation of a five-year €3bn financing with a consortium of four leading banks.
  • Acted for the Axéréal Group as borrower on a €150m loan agreement guaranteed by the French State.

Goodwin

Praised for its ‘knowledge of leveraged finance‘ and ‘technical know-how in structuring new types of financing’. Goodwin's team typically handles complex mandates involving acquisition and leveraged financing, including those featuring unitranche bond issuances and other debt facilities. On the borrower side, the team frequently acts for major private equity houses and corporate borrowers. On the lender side, the practice advises key players such as BlackRock and BNP Paribas. The restructuring finance team has been recently strengthened by the arrival of Céline Domenget-Morin from White & Case LLP. The department is led by Arnaud Fromion. Frédéric Guilloux and Adrien Paturaud are also key contacts.

Responsables de la pratique:

Arnaud Fromion

Autres avocats clés:

Frédéric Guilloux; Adrien Paturaud; Céline Domenget-Morin

Les références

‘Goodwin has perfect knowledge of leveraged finance and therefore knows how to support us in the best possible way and in very complex matters. Its technical know-how in structuring new types of financing is also invaluable.’

‘We have worked a lot this year with Adrien Paturaud, who is always available and pragmatic in technical discussions and during the negotiations. He is always attentive and knows how to take the time to answer our questions.’

Principaux clients

Alcentra

Arcmont Asset Management

Ares Management

Artemid

BlackRock

BNP Paribas

Bpifrance

Capza

Cerea Partners

Crédit Industriel et Commercial (CIC)

Crédit Agricole CIB

CVC Credit Partners

Equistone Partners Europe

Hayfin

Iliad

Keensight Capital

LGT Capital Partners

Lion Capital

NJJ Telecom Europe

Rothschild & Co

Télécom Réunion Mayotte

Tikehau Capital

Tokheim Services Group

Norton Rose Fulbright

Alexandre Roth leads the banking group at Norton Rose Fulbright, which is particularly experienced in asset finance and project finance. With lawyers qualified in both French and English law, the team frequently acts for key players in the field of energy financing such as leading financial institutions and export credit agencies, including Bpifrance and Export Development Canada.

Responsables de la pratique:

Alexandre Roth

Principaux clients

BNP Paribas

Bpifrance

CAFFIL

Crédit Agricole

Crédit Industriel et Commercial

ENGIE

Export Development Canada

HSBC

KFW

Moroccan Agency for sustainable energy

Natixis

Royal Bank of Canada

SFIL

Société Générale

Standard Chartered

TOTSA

Principaux dossiers

  • Advised Natixis and Bpifrance on the €326m financing for the modernisation of the Benin electricity network.
  • Advised the Ministry of Finance of the Republic of Angola in relation to the approximately $1bn financing for the development of the Bita water production, transmission and distribution facilities, and system in South Luanda in respect of the ECA facilities.
  • Assisted the French financial institutions SFIL and CAFFIL with the purchase and refinancing of a participation in the Dogger Bank project for an amount of £191.9m.

Paul Hastings LLP

A strong option for private equity and debt funds and alternative lenders, Paul Hastings LLP typically handles complex acquisition finance mandates in the mid-cap space. The team is particularly experienced in transactions involving bridge financing and complex unitranche and mezzanine financing. Practice head Olivier Vermeulen focuses on leveraged finance, fund finance and out-of-court debt restructurings.

Responsables de la pratique:

Olivier Vermeulen

Principaux clients

Bpifrance

Tikehau Investment Management

Arcmont Asset Management

Infravia Capital Partners

Intermediate Capital Group (ICG)

Meridiam

PAI Partners

Idinvest Partners

Omnes Capital

Antin Infrastructures

Astorg Partners

Shearman & Sterling LLP

Shearman & Sterling LLP handles a wide range of financing matters for leading banks, alternative debt providers, sponsors and corporates, with a particular focus on real estate financing and LBO financing. Working in collaboration with the firm’s international network across Europe and the US, the team is particularly sought after to act on cross-border mandates. Pierre-Nicolas Ferrand, who leads the practice, is experienced in acquisition finance, real estate finance and debt restructuring. Maud Manon joined the group in January 2022 from DLA Piper.

Responsables de la pratique:

Pierre-Nicolas Ferrand

Autres avocats clés:

Maud Manon

Principaux clients

Société Générale

King Street Capital Management

CACIB

Trail Capital

BECM

Natixis Securities Americas LLC

LBO France

Equistone

Silverfleet Capital

Siparex

BofA

HSBC

BNP Paribas

Marlin Equity

CWT

Principaux dossiers

  • Represented BNP Paribas, Crédit Agricole Corporate and Investment Bank, Natixis, Nordea Bank Abp and Société Générale as initial purchasers in connection with Consolis Group S.A.S.’s €300m offering of 5.750% senior secured notes due in 2026 by Compact Bidco B.V., and the arrangers in connection with the company’s super senior revolving credit facilities agreement and the inter-creditor agreement.
  • Advised the banking pool on the signing of a new €345m five-year senior secured revolving credit facility for Loxam.

Watson Farley & Williams LLP

The banking team at Watson Farley & Williams LLP, which houses lawyers qualified in both French and English law, handles a wide range of finance mandates in the large, mid and small-cap markets. Representing leading financial institutions and export credit agencies, the group particularly stands out for its expertise in the energy, infrastructure and transportation sectors. The practice is led by Laurence Martinez-Bellet, who focuses on the financing and refinancing of energy and infrastructure projects and is particularly well regarded for her work in shipping transactions.

Responsables de la pratique:

Laurence Martinez-Bellet

Autres avocats clés:

Philippe Wolanski

Les références

‘Great commercial flexibility and ability to take into account the expectations of mid-market customers.’

‘The WFW team has a focused and compact finance team that can handle all types of financings with great skill and efficiency. Strong partnership involvement ensures technical expertise and oversight, and provides confidence for clients. At the same time, their approach is always commercial and pragmatic, and never unduly focused on technicalities that might otherwise slow progress unnecessarily.’

‘Philippe Wolanski is an excellent partner who maintains a personal involvement in and responsibility for his transactions to ensure the quality of the documentation and the confidence of his clients.’

Principaux clients

Société Générale

BNP Paribas

BPCE

Banque Palatine

Crédit Agricole Corporate & Investment Bank

Crédit Mutuel

Akuo

HSBC

CIC

Technique Solaire

La Banque Postale Leasing & Factoring

Principaux dossiers

  • Assisted a large working group of creditors comprising leading French banks with the shipping-related aspects of the debt restructuring of French shipowner Bourbon Maritime. The restructuring resulted in decreasing Bourbon’s overall debt from circa €2.7bn to circa €1.065bn.
  • Acted for Crédit Agricole Group on a €230m loan facility for the AdVini group.
  • Advised Crédit Agricole Corporate and Investment Bank and CA Centre France acting as arrangers and a pool of banks comprising CACIB, CA Centre France, HSBC, CIC, Banque Populaire Auvergne Rhône Alpes, Banque Nuger and KBC on the financing of the acquisition of Movianto, subsidiary of America’s Owens & Minor, by EHDH (since renamed “Walden”).

Weil, Gotshal & Manges LLP

Working in close collaboration with the firm’s London and US offices, Weil, Gotshal & Manges LLP's banking team is particularly active in acquisition finance, leveraged finance and restructuring financing. Its longstanding relationship with private equity and opportunity funds means the group is typically sought after to advise on LBO financing, including transactions involving term loan B and unitranche facilities and senior secured notes issuances. Olivier Jauffret focuses on acquisition finance and refinancing transactions. James Clarke is qualified in both French and English law and specialises in mid and large-cap LBO financings.

Responsables de la pratique:

Olivier Jauffret; James Clarke

Les références

‘Very fluid communication, keeping us informed regularly. Excellent ability to present business-oriented options and recommendations.’

‘The most business-oriented firm, very good at supporting negotiations and carrying out deals by favouring efficiency with an approach firmly anchored in the reality of our businesses.’

Principaux clients

Montagu Private Equity

Hayfin

3i

Paprec

HLDE

Chequers

Ardian

CEVA Santé Animale

Sanofi

Rallye/Casino

CCMP/MacqPisto

ATOS

Willkie Farr & Gallagher LLP

Willkie Farr & Gallagher LLP's team is adept at handling acquisition and leveraged finance transactions, as well as matters involving syndicated lending, equity bridge financing, debt restructuring and private placements. It is particularly active in the upper-mid-cap space and typically advises lenders, sponsors and borrowers on LBO financing and cross-border mandates. The practice is jointly led by Paul Lombard and Thomas Binet.

Responsables de la pratique:

Paul Lombard; Thomas Binet

Les références

‘The team has a very good reputation.’

‘We work with Thomas Binet. Very good technically, commercially and always available to its clients.’

‘Very nice team, very responsive and efficient.’

Principaux clients

PAI Partners

Eurazéo

IK Investment

Ardian

CVC

Astorg

Latour Capital

Pemberton

Barings

HIG

Tikehau

Five Arrows

Motion Equity Partners

GSquare

Bluegem

CACIB

BNP Paribas

Principaux dossiers

  • Advised the unitranche providers, as well as the super senior RCF lender, on the unitranche financing provided to Eurazéo for the acquisition of Aroma-Zone, a company specialised in the marketing of natural ingredients (essential oils, vegetable oils, etc.).
  • Advised Elior on the implementation of a new €450m senior term and revolving financing alongside €550m 3.750% senior notes due in 2026.
  • Advised Labeyrie Fine Foods and its shareholders including PAI Partners and Lur Berri in relation to a €520m refinancing. The transaction was structured as a cov-lite TLB with an RCF.

Baker McKenzie

Rated for its ‘great and experienced team in export finance deals’, Baker McKenzie frequently acts for ECAs and development finance institutions on high-value and complex cross-border mandates involving project finance. The team also stands out for its expertise in bank-to-bank syndicated lending, typically representing leading financial institutions in key markets including francophone Africa, Turkey and South Africa. The practice is led by Michael Foundethakis.

Responsables de la pratique:

Michael Foundethakis

Les références

‘Great and experienced team in export finance deals.’

‘Great team, allocation and involvement of partners in day-to-day tasks is appreciated and a real plus compared to peers.’

‘The big advantage of Baker is that the partners also get involved at the drafting stage (reviewing the drafts).’

‘Michael Foundhetakis is an excellent professional that I would definitely recommend.’

Principaux clients

Crédit Agricole

BNP Paribas

CureVac

Société Générale

Ardian

African Export-Import Bank

PROPARCO

Bank of America Merrill Lynch

MUFG Bank

Commerzbank

ING Bank NV

Principaux dossiers

  • Acted for a syndicate of banks led by MUFG Bank Ltd in relation to a circa $1.1bn dual tranche term loan facilities agreement to African Export-Import Bank (Afreximbank) that closed in May 2020.
  • Represented the lenders, led by Citibank and ICBC (and including Bank of America, ING Bank NV, JPMorgan, SMBC, Société Générale as Lenders and HSBC as Agent) in relation to a €1.25bn term loan facility agreement to Türkiye Varlık Fonu (Turkey Wealth Fund), the sovereign wealth fund of the Republic of Turkey.
  • Acted for BNP Paribas SA, Mizuho Bank Europe NV, SMBC and Société Générale in connection with a circa ¥89bn EKN covered facility provided to SoftBank Corp. for the purchase of telecoms equipment from Ericsson.

Dentons

As part of an international network of offices, Dentons‘ banking practice in Paris acts for financial institutions, sponsors and corporates on a wide range of mandates. Its work spans acquisition and project finance, syndicated lending, PPP and real estate finance. Its close relationship with investment funds means that the team is also frequently sought out by lenders and borrowers to advise on fund financing. The department is jointly led by Jean-Marc Allix, who focuses on project finance and real estate finance, and fund finance expert Philippe Max.

Responsables de la pratique:

Jean-Marc Allix; Philippe Max

Les références

‘Rare and proven legal expertise in the fund financing market.’

‘Always available, competent, pragmatic, and very human which deserves to be underlined.’

‘Always available and attentive, excellent work and very good execution, they always find solutions to structural and other issues.’

‘Dentons always manages to deliver when necessary. Their legal advice allows us to progress and approach a problem from different angles, which is an asset for our team.’

‘A serious and competent team.’

‘The banking and finance practice at Dentons Paris, in particular its team in charge of fund financing, demonstrates great professionalism and cutting-edge expertise. It stands out thanks to its great experience and knowledge of financing operations, its connection with a large number of market players (investment funds), its availability and its commitment.’ 

‘The whole team showed great commitment to complete our projects on time. Able to answer our specific questions and provide us with the necessary legal information to guide us in our decision-making.’

Principaux clients

Agence Française de Développement

Arjobex

Banco Santander

BNP Paribas

CACEIS Bank

Caisse des Dépôts et Consignation

Compagnie des Alpes

Credit Agricole Corporate and Investment Bank

EGIS

Essling Capital

Faurecia

Kasada Capital Management

KSL Capital Partners

LRC Goup

Natixis

Uperio Group

Principaux dossiers

  • Advised Kasada Capital Management on the financing of the acquisition of a portfolio of 1602 hotel rooms in Sub-Saharan Africa from AccorInvest.
  • Advised longstanding client Faurecia on its inaugural green bond issue and its first private placement.
  • Acted for a consortium composed of Compagnie des Alpes-Domaines Skiables, Autoroutes et Tunnel du Mont Blanc, Crédit Agricole des Savoie and POMA in relation to the award of a concession for the construction and operation of a new cable car named Funiflaine.

DLA Piper

DLA Piper stands out for its work advising both lenders and borrowers on real estate finance transactions. Erwan Lacheteau, who has extensive experience of this area, is regularly sought out by investment funds and financial institutions on domestic and cross-border mandates. As part of its offering, the practice is also active in bilateral and syndicated lending facilities. Maud Menon left the firm in January 2022.

Autres avocats clés:

Erwan Lacheteau

Les références

‘Business approach to problems and highly technical.’

‘Very nice team, very involved.’

Principaux clients

Abénex

Ares Management

AXA Reim

Barings Global Advisers Limited

BentallGreenOak

BlackRock

Blackstone Group International Partners LLP

BNP Paribas

BPI France

Bridgepoint

Capzanine

Eurazeo

Fortress

Gazeley Limited

Generali

HSBC

ICG

Idinvest

ING

LFPI

Magellan Partners

Maltem Consulting Group

Montagu Private Equity

Montefiore Investment

Mount Street Mortgage Servicing

Northwood Investors International

Oxford Properties Group

Pemberton

Rabobank

The Carlyle Group

Tikehau Capital

Tylia Invest SAS

Principaux dossiers

  • Advised Carlyle on the unitranche financing of the acquisition of Envea SA by Envea Global (itself controlled by Carlyle).
  • Advised Fortress on the French financing aspects of the acquisition from Colony of certain real estate funds, co-investment vehicles and other real estate positions (either sponsor or lender positions) representing approximately $2.7bn in combined assets (in US and Europe) under management.
  • Acted for Blackstone in relation to a €405m senior and mezzanine mortgage financing granted by Bank of America Europe DAC (Senior Lender) before the senior portion was securitised and by Aspen Bermuda Limited, Apollo Credit Funds ICAV and Althora Lux Invest (Mezzanine Lenders), for the acquisition of a large pan-European portfolio, composed in particular of 3 French portfolios of multiple logistic assets.

Hogan Lovells (Paris) LLP

At Hogan Lovells (Paris) LLP, the team is praised for its ‘expertise in both English and French law (which) makes it one of the most versatile teams for international investment’. It works closely with the firm’s capital markets, insolvency and restructuring, and financial services litigation groups. As part of its broad offering, the group is active in leveraged and acquisition finance, corporate finance and project finance. It typically advises leading financial institutions, alternative lenders and sponsors. The department is jointly led by Sabine Bironneau and Alexander Premont. Luc Bontoux made of counsel in January 2022.

Responsables de la pratique:

Sabine Bironneau; Alexander Premont

Les références

‘Strong knowledge of the French market and the pragmatism of the team allow us to focus on the key points of a negotiation.’

‘I have been working with HL for several years. I appreciate their professionalism, their close relationship with their clients and the extent of their expertise in LBO financing. It is one of the largest teams representing sponsors and unitranche debt funds in the market.’

‘We work with Hogan Lovells on acquisition finance and structured finance in the real estate sector. The banking team has excellent knowledge of market practices and the position and sensitivities of the various stakeholders. The team’s expertise in both English and French law makes it one of the most versatile teams for international investment.’

‘Alexander Premont has notable expertise in LBO financing, representing sponsors and debt funds in the mid/large-cap market. He is always available and knows how to offer pragmatic solutions.’

‘We have been working with HL for several years, particularly on acquisition financing. They have an excellent combination of geographic coverage and technical expertise. We work with HL because it is also one of the best firms in the field of acquisition finance in Paris.’

‘We recently worked with Alexander Premont, who has in-depth knowledge and expertise in leveraged acquisition finance. He always gives us pragmatic advice. He represents both lenders and sponsors and therefore have an excellent view of the sensitivities of each party involved in the transaction.’

‘I have been working with Hogan Lovells, and in particular Alexander Premont, for several years because the firm and Alexander are one of the best firms and advisers on acquisition financing in Paris. I am always surprised by the involvement of the team. They are smart, commercial and always available.’

‘There is a flawless integration between the banking, corporate, restructuring and tax teams. They work in perfect symbiosis. It is one of the finest transactional practices in Paris at the moment. Alexander Premont in banking is particularly remarkable for his availability, involvement and pragmatism. He knows how to lead the negotiations to bring the parties together.’

Principaux clients

Crédit Agricole Corporate and Investment Banking (CACIB)

BNP Paribas (BNPP)

Akiem Group

Arc France SAS (FDES)

Bourbon Groupe

Towerbrook

BNPP Asset Management

Arkéa Banque Entreprises et Institutionnels

Banque Populaire Aquitaine Centre Atlantique

Proparco

Bank of China

Crédit Lyonnais

Caisse d’Epargne et de Prévoyance Grand Est Europe

Société Générale

SPG FRR Dette Privée France

Banque Populaire Rives de Paris

Caisse Régionale de Crédit Agricole Mutuel de Paris et d’Ile de France

Principaux dossiers

  • Advised Bourbon Group in relation to its corporate and financial restructuring due to financial difficulties.
  • Acted on the acquisition of Health Advocate by Téléperformance, a provider of integrated digital solutions.
  • Advised TowerBrook on the acquisition financing of Consolis Rail, the Rail division of Consolis.

Jones Day

Highly regarded for its ‘great professionalism and cutting-edge technical knowledge’, Jones Day's banking practice has been strengthening its regulatory capabilities with new arrivals, including Jean-Guillaume de Tocqueville, who joined from Gide Loyrette Nouel A.A.R.P.I. in May 2021. He focuses on financial services regulations and judicial disputes. On the transactional side, the group is particularly active in corporate financing and refinancing, and real estate finance and acquisition finance, typically advising leading financial institutions, private equity funds and corporates. The practice is jointly led by Frederic Gross and Daine Sénéchal.

Responsables de la pratique:

Frederic Gross; Daine Sénéchal

Autres avocats clés:

Jean-Guillaume de Tocqueville

Les références

‘We are always impressed by the service we receive from the banking and finance team. It provides terrific service and gives us great results.’

‘We work with Diane Sénéchal and we are always incredibly impressed by her diligence, work ethic, attention to detail and her availability. She is an incredibly safe pair of hands.’

‘Great at responding quickly to requests and at acting on a multi-jurisdictional level thanks to a vast global network. Great professionalism and cutting-edge technical knowledge. A reasoned pricing policy and respect for budgets.’

‘Diane Sénéchal is very proactive and knows how to set the pace and lead processes. She has a long experience in financing and knows how to anticipate difficulties. Undoubtedly an asset for complex operations.’

Principaux clients

Antalis

Kartesia Management SA

Candriam

Thales

Goldman Sachs

Blackstone

Cooperative Rabobank U.A.

Crédit Agricole

Pemberton Senior Loan Master Holdco SV

Allianz European Private Credit Fund S.A.

Tikehau Capital

Tikehau Real Estate Opportunities

Mayer Brown

Mayer Brown is particularly active in leveraged finance and acquisition finance transactions in the mid-cap market, typically acting for leading banks, private equity and investment funds, and corporates. The group also has a strong track record advising on real estate finance, as well as corporate finance and refinancing mandates. The practice is led by Patrick Teboul, whose expertise spans leveraged finance, distressed debt and restructuring. Maud Bischoff is noted for her work in leveraged acquisitions and real estate finance. Alban Dorin is another name to note. Marion Minard made counsel in January 2022.

Responsables de la pratique:

Patrick Teboul

Autres avocats clés:

Maud Bischoff; Alban Dorin; Marion Minard

Les références

‘Very good finance and tax team.’

‘Maud Bischoff in financing is exceptional. Always available, she knows where the priorities are. Extensive experience of banks and funds.’

‘Excellent team, always available.’

‘Great professionals, very familiar with the market and very transaction-focused.’

Principaux clients

Abénex Capital

Acolad

BlackRock

Bridgepoint Development Capital

Corum Asset Management

EPSA Dev

Intermediate Capital Group

LBO France

L Catterton

Montefiore Investment

Naxicap Partners

Pemberton

Primonial

Qualium Investissement

Quilvest Capital Partners

Sagard

Société Générale

Stirling Square Capital Partners

Principaux dossiers

  • Advised the Primonial group on the financing aspects of the exclusive negotiations with Altarea.
  • Acted for Intermediate Capital Group (ICG) on its acquisition of a majority stake in Infra Group from Andera Partners.
  • Assisted Stirling Square Capital Partners with its acquisition of a majority interest in Medisup Sciences.

McDermott Will & Emery AARPI

Pierre-Arnoux Mayoly, who leads the banking practice at McDermott Will & Emery AARPI, has extensive experience of advising on fund finance transactions involving equity bridge and capital call facilities. The firm has a well-established reputation among leading financial institutions, private equity funds and debt funds. The group is also recognised for its work in mezzanine and unitranche financing and bond issuances.

Responsables de la pratique:

Pierre-Arnoux Mayoly

Les références

‘Very good financing team working mainly on the sponsor side in acquisition financing and on the lender side in fund financing.’

‘Pierre Arnoux Mayoly is a very good, pragmatic and efficient lawyer.’

Principaux clients

Abénex

Tikehau Capital

Capza

Andera Partners

RBC (Royal Bank of Canada)

Citibank

Montefiore Investment

Siparex

Natixis

ODiTY

Qualium Investissement

Sogetrel

Bridgepoint

Five Arrows Direct Lending

CACIB

Orrick Rambaud Martel

Orrick Rambaud Martel is well-regarded for its ‘significant expertise in VC financing and high-growth companies’. It is also retained by leading financial institutions, investment funds and corporates on a broad range of mandates involving real estate and project finance, fund finance, and debt refinancing and restructuring. Hervé Touraine, whose expertise spans structured finance and securitisations, leads the department.

Responsables de la pratique:

Hervé Touraine

Les références

‘Significant expertise in VC financing and high-growth companies. Understand the space very well and is well connected.’

Principaux clients

Crédit Agricole Corporate and Investment Bank (CA-CIB)

Société Générale

BNP Paribas Groupe Bertrand

Banque des Territoires

Fraikin

Amundi Asset Management

La Banque Postale

Biom’up

Oaktree Capital

The Kingdom of Morocco

GuarantCo Ltd

Principaux dossiers

  • Acted for the Kingdom of Morocco on two large sovereign issuances (of $3bn and €1bn).
  • Advised Axa IM-RA on a €800m mortgage finance programme pertaining to 25,000 housing units in the Île-de-France region.
  • Advised the lenders of the consortium led by FAYAT and EGIS (and which also includes Caisse des Dépôts et Consignations) regarding the bidding process and €500m financing of the construction of the A69 motorway concession.

Simmons & Simmons

Simmons & Simmons stands out for its work on LBO financings in the mid-cap space, where it acts for lenders, fund managers and corporates. The group is also active in real estate finance, corporate lending and capital call facilities. Alongside the firm’s capital markets team, the department advises on mezzanine and unitranche financings, as well as bond issuances. Colin Millar, who is experienced in acquisition finance and corporate lending transactions, leads the practice.

Responsables de la pratique:

Colin Millar

Autres avocats clés:

Céline Larmet

Les références

‘The finance team is very practical and familiar with the way that international lenders operate (e.g. what our requirements and items of concern are). Simmons Paris is also a full-service office so they are able to seamlessly integrate other teams if necessary from time to time (real estate, tax, employment, etc).’

‘Our partner contact is Céline Larmet, who is a pleasure to deal with as she is very quick to understand our position, which enables transactions to proceed as smoothly as possible until completion.’

‘Well-integrated team whether it is international or national, they know their clients very well. The firm has a real technological approach by setting up new tools and systems to improve their services.’

‘Very good team which is always available at all levels. In particular, Celine Larmet and her team, with whom we work. Excellent relationship, Celine has a global vision, and this particularly helps us to tackle problems upstream.’

‘Extremely professional, proactive, always available, business-oriented team. Client service and mastery of the technical issues of real estate financing undoubtedly ranks them among the best in the market.’

‘Celine Larmet combines mastery of complex issues, creativity, negotiation skills and efficiency.’

Principaux clients

Crédit Lyonnais

Crédit Industriel et Commercial

Société Générale

Banque Palatine

Spie batignolles

Banque Populaire Rives de Paris

BNP Paribas

CIC Private Debt

Caisse Régionale de Crédit Agricole Mutuel Nord de France

Caisse d’Epargne et de Prévoyance Ile-de-France

Banque CIC Ouest

Caisse Régionale de Crédit Agricole Mutuel Centre-Est

Natixis

Caisse d’Epargne des Hauts de France

Arkea Banque

Principaux dossiers

  • Advised the senior debt providers on the financing of the acquisition of the Netco group by Ardian Expansion from IK Investment Partners.
  • Acted for Société Générale, Banque Populaire Rives de Paris and Banque Populaire Val de France in connection with the acquisition of Prenax by LBO France.
  • Assisted Crédit Lyonnais and Banque CIC Ouest in connection with the senior financing of the acquisition of Athéna Investissements, a company specialised in home improvement products and accessories.

Stephenson Harwood

Stephenson Harwood's team garners praise for its 'particularly strong expertise in shipping and aviation finance', and it also excels in areas such as real estate finance, acquisition finance and asset finance. Working in close collaboration with the firm’s M&A, fund formation and litigation groups, the team regularly acts for leading financial institutions and corporates on domestic and cross-border mandates. The department is jointly led by Alain Gautron, Edward CampbellJeremy Grant, Yann Beckers and Laurence Hanley (who was promoted to partner in May 2021).

Responsables de la pratique:

Alain Gautron; Edward Campbell; Jeremy Grant; Yann Beckers; Laurence Hanley

Autres avocats clés:

Ezio Del Maso; Hortense Atthenont-Duret

Les références

‘Stephenson Harwood’s Paris office has broad expertise across many sectors and has particularly strong expertise in shipping and aviation finance. The Paris financing team offers a comprehensive service and is part of a strong worldwide network, which is particularly valuable for sizeable cross-border transactions.’

‘Alain Gautron is a very smart and prominent lawyer who focuses on complex cross-border shipping transactions, financings and restructurings. For me, one of the best finance lawyers in the French market. Yann Beckers is particularly remarkable for his oversight of matters. He impressively manages large acquisition and structured finance transactions. Finally, he is an excellent expert with a great depth of knowledge in regulatory matters.

‘Senior associate Ezio Del Maso’s expertise in maritime and aviation asset finance is an important strength. He provides a first class day-to-day management of large-scale projects and is clearly a rising star in Stephenson Harwood’s finance team.’

‘We work with Alain Gautron and Hortense Atthenont-Duret. They are distinguished by their ultra-fast and precise qualities, allowing us to find technical solutions to our problems.’

‘Very professional and sharp in their field.’

‘Alain Gautron is particularly skilled in maritime financing. Hortense Atthenont-Duret is a particularly efficient lawyer who is extremely skilled in maritime financing, and her partnership is greatly appreciated.’

Principaux clients

CREDIT INDUSTRIEL ET COMMERCIAL (CIC)

BNPP / BPCE

COMPAGNIE DU PONANT

AIR FRANCE

TOUAX

THE EXPORT IMPORT BANK OF CHINA (CEXIM)

CASINO

LOUIS DREYFUS COMMODITIES

TRANSPORTATION PARTNERS

JOINT PARTNERS

Principaux dossiers

  • Advised the arrangers and the lenders on three French leases for special purpose companies jointly controlled by NYK and Geogas in connection with the construction and exploitation of three newbuilding LNG carriers to be operated under French flag for two major French energy companies.
  • Assisted Air France with several transactions, including the sale and leaseback of an aircraft making a long-haul flight on sustainable fuel and the sale-leaseback of two Boeing 777F long-haul freighter aircraft.
  • Advised Joint Partners, a family office in Hong Kong, on the following two transactions: (i) the restructuring of two existing financings, an acquisition loan and a mortgaged loan; and (ii) the refinancing of the two restructured loans by Aareal Bank AG.

Archers A.A.R.P.I.

Archers A.A.R.P.I.

Responsables de la pratique:

Jean-Maurice Gaillard; Paul-Henri de Cabissole

Les références

‘Archers has a solid experience in real estate financing, and in particular in negotiating “road exits ” and pre-litigation.’

‘Paul-Henri de Cabissole is an excellent lawyer.’

‘The firm is always attentive to clients and advises on fundamental problems.’

‘Going straight to the point, they negotiate the substantive points of the matter without getting off the right track. ’

Principaux clients

Aareal Bank

Banque Européenne du Crédit Mutuel

Cheyne Capital

Colony Capital

Credit Agricole Corporate & Investment Bank

PBB

HSBC

La Banque Postale

La Française REM

Helaba

Natixis

Aareal Bank

BC Partners

BNP Paribas

Société Générale

August Debouzy

August Debouzy

Responsables de la pratique:

Laure Bonin

Les références

‘Good skills and proactive.’ 

‘Laure Bonin carries out the operations entrusted to her with skill, calm and speed. She manages to meet deadlines and coordinate all parties involved in a transaction.’

Principaux clients

Société Générale

HSBC Continental Europe

AnaCap Financial Partners

Natixis

BRED Banque Populaire

Smartbox Group

Crédit Lyonnais

Crédit Agricole Corporate & Investment Bank

Raise Investissement

Artémis Ambitions

Argos Wityu

BNP Paribas European SME Debt Fund

Principaux dossiers

  • Advised Natixis on the €900m revolving credit facility in favour of SAGESS.
  • Assisted BRED Banque Populaire with the financing of the OBO of ExtendAM, an asset management firm.
  • Acted for Société Générale on the financing of the acquisition by Hivest Capital Partners of Face Invest.

Bird & Bird

Bird & Bird

Responsables de la pratique:

Boris Martor

Les références

‘Accessible partners.’

‘Particularly effective collaboration between the restructuring and banking and finance teams. Very good knowledge of the public sector, which is an asset in certain cases.’

‘Sharp expertise, reachability and proactiveness.’

Principaux clients

Banque Palatine

BNP Paribas

Enterome

Norddeutsche Landesbank

Barclays

SVM Group

Gunvor

Airbus

Société Générale

Principaux dossiers

  • Advised Banque Palatine, Caisse d’Epargne Ile de France and Banque Neuflize OBC as senior lenders on the financing of the acquisition of Pure Trade Worldwide by Sparring Capital.
  • Assisted Barclays, Société Générale and Arkéa Banques & Entreprises with the €65m French state guarantee loan aimed at financing the general corporate needs of the Buffalo Grill Group.
  • Advised Société Générale, Arkéa Banque Enterprises et Institutionnels, Crédit Lyonnais, CIC Sud-Quest and Goldman Sachs on the restructuring of the financial indebtedness of Latécoére.

Bryan Cave Leighton Paisner LLP

Bryan Cave Leighton Paisner LLP

Responsables de la pratique:

David Blondel; Olivier Borenstejn

Les références

‘The team is always available.’

‘Very effective in financing renewable energies projects.’

Principaux clients

Credit Lyonnais

Crédit Agricole d’Aquitaine

Crédit Agricole du Languedoc

Auxifip

Crédit Agricole du Nord Est

Crédit Agricole Pyrénées Gascogne

Natixis

Caisse d’Epargne Ile-de-France

Caisse d’Epargne Aquitaine Poitou Charentes

Crédit Coopératif

BPCE Energeco

Caisse d’Epargne CEPAC

Banque Palatine

Caisse d’Epargne Languedoc-Roussillon

Caisse d’Epargne de Midi-Pyrénées

Caisse d’Epargne Grand Est Europe

Bpifrance

Arkea

Credit du Nord

Altice France

SFR

Total

Engie Green France

MUFG Bank

CMS

CMS

Responsables de la pratique:

Grégory Benteux; Alexandre Bordenave; Benjamin Guilleminot (counsel); Geoffrey Levesque (counsel)

Les références

‘Remarkable team led by Benjamin Guilleminot. Always available and very good communicators’

‘Always available and pragmatic.’

‘Excellent understanding of the needs/constraints of its clients allows the CMS team, beyond the legal analysis provided, to give legal and operational recommendations.’

‘Great analytical capacity for complex issues, and great at simplifying legal matters.’

‘Dynamic team which is able to execute deals very quickly while ensuring an excellent level of advice. Quality of the exchanges made with the advice of the other parties.’

Principaux clients

Syndicat Mixte des Transports en Commun de l’Agglomération Clermontoise

Crédit Agricole Corporate and Investment Bank

Wilmington Saving Fund Society, FSB

Natixis

Banque CIC Ouest

Arkéa Banque Entreprises et Institutionnels

MILEXIA

CIC Lyonnaise de Banque

Reden Solar

Société Générale

Principaux dossiers

  • Advised the lenders on a €547m financing in favour of the Eureden group, a French co-operative agriculture group resulting from the merger of Triskalia and d’aucy.
  • Assisted the lenders (Arkéa Banque Entreprises et Institutionnels, Banque Populaire Val de France, La Banque Postale and Crédit Agricole de la Touraine et du Poitou) with the financing of the acquisition by Arche (holding of the Citya group) of Century 21 France.
  • Acted for Natixis and the pool of lenders in relation to the setting up of an additional CSR backed €98m loan to Immobilière de Santé (the main holding company for the Ramsay Santé group’s long-term investments in securities and/or real-estate assets).

Cornet Vincent Ségurel

Cornet Vincent Ségurel

Responsables de la pratique:

Bertrand Coste; Matthieu Guignard; Dominique Stucki; André Watbot

Principaux clients

Area Banque Entreprises et Institutionnels

Banque CIC

Banque Populaire

Crédit Agricole

Caisse d’Epargne

Crédit Lyonnais

Unexo Financement

De Gaulle Fleurance & Associés

De Gaulle Fleurance & Associés

Autres avocats clés:

May Jarjour; Sylvie Perrin

Les références

‘Superb French law firm with an excellent knowledge of other laws. This makes it really good to deal with international transactions. The team is also always available and very commercial.’

‘Sylvie Perrin stands out for her excellence.’

‘May Jarjour is very good lawyer and has a great breadth of knowledge.’

‘Strong ability to find and offer innovative solutions; especially Sylvie Perrin who is a great professional recognised in her market.’

‘High level of expertise. Ability to take into account various legal issues into financial documents. Excellent knowledge of the market and the players (banks, investors, regulator).’

‘I have had the opportunity to work on various occasions with the firm De Gaulle Fleurance & Associés on transactions involving many parties. I have always been impressed by the efficiency with which transactions are conducted. In particular, May Jarjour and her team demonstrate great efficiency and knowledge of the matter.’

‘May Jarjour has an in-depth knowledge of banking law.’

Principaux clients

Bowe Systec

Crédit Mutuel Capital privé

Mitsubishi

Banque Hapoalim

Belfius Bank

CDP Caisse des Dépôts italienne

Crédit du Nord

J. Stern & Co

Philips

Proparco AFD

Prosolia

République du Cameroun

SMBC

Wiseed

Antalis

Générale du Solaire

Acofi

Aqua Asset management

Ardian

Arkéa Banque Entreprises et Institutionnels

Auchan Holding

Banque Internationale à Luxembourg

Banque Palatine

Banques Populaires

BayWa r.e.

BNP Paribas

BPI France

Caisse des Dépôts et Consignations

Caisses d’Epargne

Cap Vert Energie

Carnegy

Ceetrus

Covéa

Crédit Agricole d’Ile de France

Crédit Agricole Immobilier

Crédit Coopératif

Crédit Mutuel CIC

CSI Leasing

Demeter Partners

Deutsche Pfandbriefbank

Engie Green

Evergaz

Fonds Européen d’Investissement

French Ministry of Défense

French Ministry of Justice

HSBC

Icade Promotion

IDCM Partners

IdInvest

Infracapital

Islamic Corporation for the Development of the Private Sector (ICD)

John Laing

KFW Epex

La Banque Postale

LCM Partners

Natixis

Neuflize OBC

Photosol

Préjeance

Quaero

RES Sas

Santander

Société Générale

Société Générale Equipment France

Total SA

Touax

Transdev

Triodos

Unifergie

Urbasolar

Windvision

Yenigün

Eversheds Sutherland (France) LLP

Eversheds Sutherland (France) LLP

Responsables de la pratique:

Sindhura Swaminathan

Les références

‘A competent, integrated and very efficient team.’

‘I appreciated the availability of the team, their efficiency and their knowledge of the problems facing banks.’

Principaux clients

Air Austral

HSBC

Citibank

Crédit Agricole

Bpifrance Investment

BTMU

Proparco

Agence Francaise de Developpement

Sonnedix

Société Générale

Ornane

Altrad

Barclays

Fieldfisher

Fieldfisher

Responsables de la pratique:

Hélène Lefebvre

Principaux clients

Bayern LB

Berlin Hyp AG

CEIDF

Swen Capital Partners

Bayern LB

Berlin Hyp AG

CEIDF

Swen Capital Partners

Principaux dossiers

  • Advised CEIDF as arranger on the refinancing of the acquisition of a logistic property in Réau by a subsidiary of Gramercy Property Europe IV SCA, SICAV-RAIF, managed by Clarion Europe.
  • Advised Berlin Hyp as arranger on the financing of the acquisition of the ‘Village 4’ office building in La Défense, Paris by PFO2 SCPI.
  • Assisted Swen Capital Partners with its participation in a major capital raising for the French media-buying group Adwanted.

Franklin

Franklin

Responsables de la pratique:

Stéphan Alamowitch

Les références

‘Great ability to combine qualities very rarely combined: precision, technicality, availability, flexibility, and ability to have a business vision integrating the law and not the other way around.’

‘Always at the service of clients’ needs.’

Principaux clients

Orange

Albea

African Guarantee Fund

GTI Asset Management

CRRH-UEMOA

Financiere De La Cite

Caixa Geral De Depositos

Citibank

Swiss Life Banque Privee

GHSF

Diot Financement

Altice Group

Caisse des Dépôts et Consignations

Deloitte

Groupama

State of Mauritania

Principaux dossiers

  • Advised Mauritania on the renegotiation of its USD-5B foreign debt.

Gowling WLG

Gowling WLG

Responsables de la pratique:

Danhoé Reddy-Girard; Antoine Pampouille

Les références

‘Partner focus and engagement is what makes Gowling WLG so unique.’

‘With Gowling, you have direct contact with top-tier partners throughout the process, frequently preventing major issues arising in the first place.’

‘Danhoe Reddy-Girard is a top-tier real estate finance and corporate finance lawyer. In my experience in working with Danhoe, He was, and continues to be, outstanding.’

Principaux clients

Caisse d’Epargne Grand Est Europe

Banque Populaire Alsace Lorraine Champagne

Clarion Gramercy

Banque Palatine

Caisse d’Epargne Ile de France

BPCE Energeco

Credit du Nord

CIC Sud-Ouest

CIC

HFW

HFW

Responsables de la pratique:

Jean-Marc Zampa; Diane de Moüy

Les références

‘Rigour. Understanding and supporting of clients’ needs.

Principaux clients

Airbus Bank

APAX Partners

Banco Santander

Banque Populaire Val de France

BRED Banque Populaire

BNP Paribas

Bank of Tokyo Mitsubishi France

Bpifrance Financement

Caisse d’Epargne

Crédit Agricole Centre France

Crédit Agricole Corporate and Investment Bank

CCV Beaumanoir

Genting Hong Kong

Kramer Levin Naftalis & Frankel LLP

Kramer Levin Naftalis & Frankel LLP

Responsables de la pratique:

Hubert de Vauplane; Gilles Saint Marc; Sophie Perus

Principaux clients

Eurazeo Investment Manager

Zencap

Bpifrance

Pathé

Viseo

Ingepar

Coinstar

Holding Le Duff

Midcap Partners

Biosyl Auvergne

Oodrive Capital

Groupe Terrot

Constructel Constructions & Télécommunications

Aurel BGC

ICD

EXIMIUM

Eiffel Investment Management

Schelscher Prince Gestion

Artemid

ITM Enterprises

La Banque Postale Asset Management

TP ICAP

Société Islamique pour le Développement du Secteur Privé

Islamic Development Bank

NSIA Banque Côte d’Ivoire

Principaux dossiers

  • Advised Eurazeo Investment Manager on  the various investments for Novi 2, including in Superga Invest and Edelweiss Industries.
  • Advised Bpifrance on various investments via their private debt fund, including in IEF21, BT, Blue Group, Fabulous French Brasseurs and Babcock Wanson.
  • Acted for TP ICAP in connection with the €152m financing by Magellan, including a syndicated resolving facility agreement and a bond issuance.

LPA-CGR avocats

LPA-CGR avocats

Responsables de la pratique:

Alexae Fournier-de Faÿ; Hassan Javanshir; Thomas Ehrecke, Xavier Clédat

Autres avocats clés:

Laurence Wynaendts

Les références

‘Laurence Wynaendts of LPA-CGR masters clients’ issues. Always available and precise. I highly recommend her.’

Principaux clients

AAREAL

AMARENCO

ARTEFACT

BARINGS

CODIC / NEXITY

DEUTSCHE PFANDBRIEFBANK AG

HANAU ENERGIES

HELABA

MATA CAPITAL

NATIXIS

PRIMONIAL

SOCIETE GENERALE

THE STUDENT HOTEL

VALOREM

Moncey Avocats

Moncey Avocats

Responsables de la pratique:

David Malamed

Autres avocats clés:

Jonathan Devillard (associate)

Les références

‘One stop shop.’

‘Excellent finance team who took charge of the discussions with the banks from start to finish, obtaining all the points raised.’

‘Very fluid discussions, always good advice, use of remote signing tools. The team is available  at all times.’

‘I worked with David Malamed (Partner) and Jonathan Devillard (Associate), who were excellent negotiators obtaining all the points raised in the negotiation with the banks. They were always available and attentive to our requests. The standard of work was excellent.’

‘Very good knowledge of the Private Equity and LBO market. Very pragmatic.’

‘Jonathan is straight to the point. Very effective.’

‘Mastery of the key aspects of the deal on the financing dimension allowing effective implementation of the wishes of clients.’

‘Very good degree of interaction with the LBO team.’

Principaux clients

21 Capital Partners

EMZ Partners

Liberty Group (GFG Alliance)

M80 Partners

Novaxia

Perwyn

Onepoint

Atari

Sparring Capital

Principaux dossiers

  • Acted for Perwyn on the 40% capital acquisition of HEA Expertise from IDI.
  • Advised Novaxia and 4 of its investor funds on the financing of the construction of the ‘Wonder Building’ in Bagnolet, France.
  • Assisted EMZ Partners with its investment in the Faunché group.

NH Law

NH Law

Responsables de la pratique:

Jennifer Hinge; David Lussigny

Les références

‘Jennifer Hinge is a great practitioner. She is able to come up with creative solutions to a variety of financial issues. She is business-oriented and is able to focus on key issues in order to help her clients to get the deal done.’

Principaux clients

Cerea Partners

Newalpha Asset Management

Fareva

The Bank of Ireland

Alcentra

Compagnie Daher

Clarins

Permira

Principaux dossiers

  • Advised Permira on the debt restructuring, debt to equity swap and sale of the Finest Bakery Ingredients, the holding compagnie of the DGF Group.
  • Assisted Bank of Ireland in connection with the financing of the acquisition of Drayton Manor by Looping.
  • Represented Cerea Partners in a mezzanine bond issue to finance the LBO acquisition of Plantex by Merieux Equity Partners.

Sekri Valentin Zerrouk

Sekri Valentin Zerrouk

Responsables de la pratique:

Emmanuelle Vicidomini

Les références

‘Extremely accessible, rigorous and efficient team.’

‘Team that is very proactive. Emmanuelle Vicidomini is always available and willing to educate people less exposed to financing.’

‘Very good firm with a commercial approach and excellent integration of practices.’

‘Personable and solution-focused.’

‘The team is always available and proactive, prices are not excessive and budgets are respected.’

‘The quality and price ratio of the team is unbeatable.’

‘A integrated team that knows both the specificities of its client as well as the trends and practices in the banking market.’

‘Always available and seeking the most efficient solutions.’

Principaux clients

Apax Partners

Epsys Holding

IN Groupe

Valtus

Talan

BK Consulting

Comexposium

Predica

Geneo Capital Entrepreneur

Société Générale Capital Partenaires

Principaux dossiers

  • Advised Apax Partners Development on its investment in Diapason.
  • Assisted Valtus with the acquisition of Nordic Interim Sweden and Nordic Interim Finland.
  • Advised Imanes – Groupe Zouari on a private placement of €30m 5-year Euro PP bonds.

VOLT Associés

VOLT Associés

Responsables de la pratique:

Alexandre Tron

Les références

‘Available, efficient and pragmatic team.’

‘The structured finance department at BNP Paribas has relied for many years on Cabinet Volt, and on its founder Alexandre Tron and his team. Competitive rates in the mid and small-cap space, reliability for executions and respect for deadlines.’

‘Volt & Associés is consistent in its ability to adapt and their professionalism on the full range of funding matters.’ 

‘Alexandre Tron is an excellent professional who is always available and committed to his clients.’

Principaux clients

BNP Paribas

Crédit Lyonnais

Bred Banque Populaire

Banque CIC Est

CIC Private Debt

Banque Palatine

Crédit Agricole Corporate & Investment Banking

Crédit Industriel et Commercial

Caisse d’Epargne et de Prévoyance Ile de France

Eurazeo

Andera Partners

IK Investment Partners

Vespa Capital

Unigrains

HR Path

Principaux dossiers

  • Advised the senior lenders (Caisse Régionale de Crédit Agricole Mutuel d’Aquitaine, BNP Paribas and Crédit Lyonnais) on the financing of the acquisition by funds managed by Kartesia Management of Babcock Wanson group.
  • Advised the senior lenders on the financing of the acquisition by funds managed by Capza, IDI and Pechel of Dubbing Brothers group.
  • Acted for Sterimed on its refinancing and financing of its external growth by senior credit facilities and PIK bonds.

Winston & Strawn LLP

Winston & Strawn LLP

Responsables de la pratique:

Mounir Letayf

Les références

‘Very accessible team that guided us throughout the process and then on post-transaction issues.’

‘Mounir Letayf knows how to be pragmatic. It is always a pleasure to work with him.’

Principaux clients

Ardian

Kartesia

Munich & Co

123 Investment Managers

Omnes Capital

Imapole Lyon-Villeurbanne

Pierre Fabre

Cabestan Croissance

Andera Partners

Galiena

HIG

Eurazeo

Pytheas Capital Advisors

Principaux dossiers

  • Advised Ardian Private Debt on the financing of the acquisition by the unitranche issuer of the Lagarrigue group through the 100% acquisition of the share capital and voting rights of Ovalie Développement 2.
  • Assisted HIG on the banking and finance aspects of its acquisition of Quick Restaurants from Groupe Bertrand.
  • Acted for Pierre Fabre  on the renegotiation of its long-term revolving credit facility by linking it to CSR criteria.